Genius Group Announces $8M Registered Direct Offering

Funds will support acquisition of Bermuda digital bank stake and stablecoin development

Apr. 16, 2026 at 5:24pm

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An extreme close-up of various industrial banking components and machinery, conveying the secure and powerful infrastructure of the digital finance industry.Genius Group's $8 million investment in Bermuda's Jewel Bancorp digital bank will help fund the development of innovative financial technologies like stablecoins and digital asset services.NYC Today

Genius Group Limited, a leading AI-powered education group, announced the closing of an $8 million registered direct offering. The company will use $5.5 million of the net proceeds to acquire a 9.9% stake in Jewel Bancorp Limited, Bermuda's only dual-licensed digital bank, and support its plans to become a permitted payment stablecoin issuer and digital asset service provider. The remaining funds will go towards working capital and general corporate purposes.

Why it matters

This investment in Jewel Bancorp aligns with Genius Group's GENIUS Act plans to expand into the digital asset and stablecoin space, diversifying its education-focused business model. As the demand for innovative financial technologies grows, Genius Group's move into the regulated Bermuda digital banking market positions it to capitalize on emerging opportunities in the crypto and decentralized finance sectors.

The details

Genius Group issued 21,621,621 ordinary shares (or pre-funded warrants) at $0.37 per share, raising $8 million in gross proceeds. D. Boral Capital LLC acted as the exclusive placement agent. The company will use $5.5 million to acquire a senior secured convertible promissory note that will be immediately converted into a 9.9% equity stake in Jewel Bancorp, Bermuda's only dual-licensed digital bank. Jewel Bank is developing a US dollar-denominated stablecoin (JUSD) and digital asset banking services. The remaining funds will support working capital and general corporate purposes.

  • Genius Group announced the closing of the $8 million registered direct offering on April 16, 2026.
  • Jewel Bancorp Limited is pending final approvals and launch, which is anticipated later this year.

The players

Genius Group Limited

A leading AI-powered education group that serves 6 million users in over 100 countries through its Genius School, Genius Academy, Genius Resorts and Genius City models.

Jewel Bancorp Limited

A Bermuda exempted company that holds both a full banking license and a Class F digital asset business license issued by the Bermuda Monetary Authority, making it Bermuda's only dual-licensed digital bank. Jewel Bank is developing a US dollar-denominated stablecoin (JUSD) and digital asset banking services.

D. Boral Capital LLC

The exclusive placement agent for Genius Group's $8 million registered direct offering.

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What’s next

Jewel Bancorp Limited is pending final approvals and launch, which is anticipated later this year.

The takeaway

Genius Group's move into the regulated Bermuda digital banking market positions it to capitalize on emerging opportunities in the crypto and decentralized finance sectors as the demand for innovative financial technologies grows.